Texmaco Rail shareholders approved a special resolution to vary the utilization of funds from a prior preferential issue via postal ballot.
The resolution passed with 99.15% of votes cast in favor, representing 61.61% of total outstanding shares.
Promoter and promoter group shareholders voted 100% in favor, while public institutions showed 95.73% approval.
The scrutinizer confirmed the voting process complied with SEBI Listing Regulations and the Companies Act, 2013.